Producer’s measured water cuts have increased on counterparty receipts, reducing income. Required to determine if the increase was due to operations, or to inaccurate counterparty measurements.
Problem
Problem
Producer’s measured water cuts have increased on counterparty receipts, reducing income. Required to determine if the increase was due to operations, or to inaccurate counterparty measurements.
Solution
Achieved accurate BS&W data through Validere CTR, with results automatically uploading to Validere 360. Identified that counterparty receipts were overestimating client water cut and provided the client with CTR photo evidence to send to counterparty.
Results
Validere’s software uncovered$130k / year in uplift from accurate BS&W data, an 1 year ROI of 117% based on Validere’s fee of $5k/month.